Snapshot NepalParticular Present State Remarks

Population (2008 est.) 29.52 million 40th in world, CAGR of 2.21%

GDP (2007) USD 8.422 billion 87th in world, real growth rate of 3.2%

Gross National Income (2006)

USD 320 Least Developed Countries by UN

Trade Channels Airways & Roadways

Landlocked

Road Length (Paved & Unpaved)

17,380 Km 0. 59 Km per 1,000 population

Airports 8 International – 1

Railways 59 Km 0.002 Km per 1,000 population

Telecomm Lines (Phones) 1.6 million 57 lines per 1,000 population

Electricity Production 680 MW 0.023 MW per 1,000 population

Oil Production 0 bbl/day No identified reserves till date

Natural Gas Production 0 cu m/ day No identified reserves till date

With the logical conclusion of peace process and promulgation of the new constitution soon, enormous opportunities for economic development exists

Source: CIA world Fact book & Feedback’s Research, 2008

The roadmap to prosperity......1. Establishing the

Investment Board (IB)

Currently building the Institutional structure and capacity to provide one window shopRecently, a mandate for a mega hydro projectOpportunities of a dozen of projects ($12b) in the pipeline

2 Nepal Investment Year 2012-13

A two year program to improve the investment climate culminating in a major Investment Forum in late 2013 to attract investments

3 Improving the Investment Climate

Public Private Dialogue forum (NBF) along with IB initiatives working to bring Doing Business Ranking to double digits

4 Building Stakeholder Support

Campaign underway to win ‘hearts and minds’ and generate a ‘Team Nepal’ mindset

Nepal Investment Year 2012-13

Objectives of the Nepal Investment Year 2012-13:

1. Position Nepal as an attractive destination for investment

2. Create a conducive investment climate for domestic and foreign investors by addressing policy bottlenecks that have the potential to unlock investments

3. Promote 50 viable projects (> $25 M) from 5-7 priority sectors

4. Sign MOUs for 10-15 projects

Four High level subcommittees to oversee: Programs, Law and Policies, Investment Promotion and Project Identification

Opportunities for Investments from: India and China

POWERIndia:•Power deficit of est. 75,000 MWsNepal:•Feasible hydropower potential of 42,000 MWs (1960s survey)•Investments of $ 100 B required – Bank deposits only $10 B

TOURISMNepal:• Rich Natural, Cultural and Religious Heritage• 12 World Heritage Sites; 8 of 14 tallest mountains•Only 2% visit the scenic Western Nepal: A virgin Shangri-laChina & India:• 82 Million outbound tourist in 2011

Thus, given the current aspiration and opportunities, major players of the economy need to work together towards a common goal

Private Sectors & General Public

Government

Financial Sector

Major Political Parties

Foreign Investors

Activities of ABA-Invest in Austria – The Importance of South-South Investments

Birgit Reiter-Braunwieser May 2012

ABA-Invest in Austria

Is the official inward investment promotion agency owned by the Ministry of Economy

Provides advisory services for foreign investors

29 expert staff

International network

Partner organizations in the regions: local support

Facts & Figures

Currently more than 3,000 inquiries and 650 projects in the pipeline

Results 2011

183 companies

296.2 m Euro investment

1.822 new jobs

Institutional Framework

Ministry of Economy

ABA

Austrian Chamber of Commerce

> 110 trade promotion offices worldwide

Inward: Outward:

Successful Projects: Investor Countries of Origin 1991 - 2011

4

112

125

8

58

11991

2001

2011

5.053

1.606

60

216

225

201991

2001

2011

589,33

173,45 123,23

23,25

2,28

3,051991

2001

2011

Number of projects

Investment (mill. €)

# of jobs created

North South

Investments in Portugal

João Pedro TabordaExternal Relations Director, Europe, Africa and Middle East

The importance of South-South investmentsInvestment Policy International Workshop, World Bank Vienna, May 15th 2012

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Wing Boxes

Stabilizers

South-South FDI Trends and African TNCs

- Prof Kevin Ibeh

Outlinemajor S-S FDI trends globally

main FDI trends in Africa summary findings on African TNCs

‘South’ OFDI Trends•OFDI from the South reached new highs in 2010 & 11 – 31& 26% of total global OFDI, up from 16% in 07

• South, East and SE Asia OFDI continue on upward path• Transition economies OFDI also trending upward

• West Asia OFDI rose in 2011, after a dip in 2010 • L. America and the Caribbean grew 2010 but fell 2011• Large State-owned TNCs remain vibrant OFDI players

•The above reflects strong economic growth/financial resources, increasing regional integration &investment policy liberalization

•But are also motivated by the need to acquire resources, secure markets and strategic assets•

South-South FDI Trends•Southern FDI directed at other DC&T-economies remain significant (typically accounting for a third of inflows)

•These can be:

•Intra-regional• 70% of M&A, GFI projects from the South in 2010 went to other economies within their own regions (TNCs from T-economies, W. Asia & Africa offer good examples)

•Inter-regional• Developing Asian TNCs accounted for 60% of total FDI to LAAC in 2010• The BRIC have vast FDI footprints across Africa

•

Africa’s OFDI Trends

• Though insignificant in global or even S-S terms, Africa’s OFDI stock quadrupled in 9yrs, from $29bn in ‘01 to $122bn in ‘10.

•• South Africa is by far the largest contributor (67% of Africa’s

OFDI in 2010, down from 75% in ‘07), but others have contributed as well. Africa’s OFDI (and TNCs) originate from all the sub-regions, but mainly from economies that are growing.

• African TNCs are far from insignificant and some have expanded very rapidly in recent years. The largest ones come from the extractive, construction & telecom sectors, but financial services account for the highest proportion

•African TNCs seem to be driven mainly by market seeking factors. •Resource/ knowledge seeking motives are also relevant.

African TNCs as engine of Development

•African TNCs tend to invest mainly in other African countries, including the conflict affected and fragile states, and are often among the few sources of investments in these largely overlooked African economies. OFDI in other ‘Southern’ and advanced economies are also observed albeit less frequently

•African TNCs are creating jobs & making strategic investments across Africa, and some are now being courted by African governments seeking to attract investments

•African TNCs are role models and are attracting healthy rivalry from other firms. They could transform private sector development in Africa

• African TNCs are contributing to the integration of African markets

• African TNCs are affected by the persisting global economic crisis, but most seem to be holding up well

Selected African TNCs

Company Sector Rev $bn

Empl. FDI presence

Sonatrach Extr 72 120,000 20+ - Africa, M East, S/N America, SE Asia, W Europe

Sonangol Extr 4.4 10000+ 15+ - Africa, M East, S/N America, W Europe, E/SE Asia,

El Sweedy Cables

Energy 2.5 10000+ 15+ - Africa, M East, S/N America, W/E Europe, India, Malaysia

Orascom Constr

Constr/ Agr proc

5.6 20,000 Several - MENA, Europe, N America

Group ONA Diversifd 4.1 32000 Several – N, W & C Africa

Dangote Diversifd 1.5 11,000 14 – Africa, incl. Liberia

Madhvani Diversifd 0.1 10000+ Several – E/S Africa, India, N America, UK

Rogers Group Diversifd 0.4 3000 Several – E/S/N Africa, India, Europe, Austr

Groupe M L Diversifd 0.9 12000 Several E/S Africa, Sri Lanka

Orascom Dev Property 0.3 18,000 Several - MENA, Mauritius, W/E Europe

Selected African TNCs 2Orascom Tel Telco 3.8 na 7 – Africa. Bangladesh, Pakistan, N America

Nakamutt Retail na 5500 3 – Rwanda, Uganda, Tanzania

Ecobank Fin Serv. 0.804 23000 32 – Across Africa, W Europe, UAE

BMCE Fin Serv 0.712 5000 22 – Africa, Europe

Kenya CB Fin Serv 0.259 na 5 – Uganda, S. Sudan, Tanz, Rwanda, Burundi

UBA Fin. Serv 0.9a 12891 22 – Africa (incl Lib, SL, DRC), W Europe, USA

GTB Fin Serv n/a 5000+ 6 - 5 W Africa (incl Lib, SL, Gmb), UK

First Bank Fin Serv n/a 12000 5 – UK, France, S Africa, China, DRC

Zenith Fin Serv. 1.5 5426 6 – W Africa (incl SL), S Africa, China

Access Fin Serv. 0.9a 1430 9 – incl. S Leone, DRC, Rwanda, Burundi, UK

NSIA Insur 183m 459 11 – W/C Africa, France